The many issues for Oil

1. the price of oil moves opposite of the US$-- if they economy losses steam the dollar will continue to correct because the
fed will not raise rates. they already changed their mind from 4 hikes to only 2 and that is not written in stone.
I see that the world is flat line- tiny growth and believe it or not the terrorism thing has an effect on the whole world.
Now if China can stimulate and it works and we see growth then that is good for Oil. They not only are filling their SR, but
growth causes greater demand which in turn causes speculators too go the other way and even cover their short position.

This latest move was the result of contract expiration, overly bearish , short covering and Dollar weakness. Another interesting
piece of information that came out today was that the IEA has declared that they are missing 800k barrels of oil. Of course if
this oil does not exist it reduces the glut! This is bullish for oil and may have been a factor why oil being down $1+ today after
a huge fall of $1.65 yesterday turned around and was only down .13 WTI. SEA had a great and quick move from .06 to .20 in a matter of weeks and of course now .11 US. most given back.. The AU investor has always had the tendency to trade for pennies. Regardless, SEA has one of the best management's in the industry and they will pull it out!

I believe that we will not see a press release from SEA because by the end of March they will release their annual and maybe
they will give us some direction.. I know that when I talked with Eric- that they could not buy paper because of the annual filing and I also believe from conversation that there is something in the works because he mentioned that they are working on something.
Finally, Oil is usually the weakest during April and May because heating season is over and driving season has not started yet
so it is possible that WTI may retest the low 30's
The dice just keep rolling and this whole oil issue is going to be with us until 2017-- maybe we firm during the 2nd half but
I don't see $60 maybe $50 , but as I said it is a roll of the dice
SEA could very well retest it's lows and that is where I will reload for a trade! I am very long regardless, but also need to play!
Happy Easter to all my AU investor friends